Hanergy Holding Group, a China-based renewable power provider, has entered a deal to purchase Santa Clara, Calif.-headquartered thin-film PV manufacturer MiaSole.
Citing documents sent to MiaSole shareholders, the San Francisco Chronicle reports that Hanergy will buy MiaSole for $30 million. The company will operate as a wholly owned subsidiary of Hanergy.
In August, MiaSole laid off most of its workers as part of a massive reorganization while it searched for a buyer. The new Hanergy deal is expected to add an unspecified number of employees in the U.S., according to the San Francisco Chronicle.